Construction Financing Secured for $63M Urban Village

HENDERSON, NV-American Nevada Company has secured $63.2 million in construction financing from Bank of America Mortgage Capital for The Shops at Green Valley Ranch, the final phase of the 160-acre master planned community here.The Shops at Green Valley Ranch will consist of 150,034 sf of high-end destination retail plus 21,748 sf of second-floor office space, 88 luxury apartment units, 30,925 sf of restaurants and one 65,000-sf, three-story office building. Brian S. Corrigan and William J. Waldron of LJ Melody & Co. arranged the three-year, floating-rate loan.

Green Valley Ranch is located just seven miles southeast of the Las Vegas Strip and 10 minutes from McCarran International Airport. Previous phases have included several entertainment venues, including cinemas and a casino, a resort hotel, restaurants, a spa and office buildings that provide amenities for the surrounding residential neighborhoods.